TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In 1961, North Dallas Bank & Trust Co. opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers and seven employees. Today, the bank is celebrating 60 years in business with $1.5 billion in total assets, more than 160 employees and … Read more
On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more
On April 22, five legendary bankers were inducted into the Texas Bankers Hall of Fame during the Eighth Annual Texas Bankers Hall of Fame Gala on the campus of Sam Houston State University (SHSU) in Huntsville. These prestigious bankers—the late James B. Bexley, Lloyd R. Ferguson, William David Lacy, Victor Pierson and Allan James Rasmussen—were recognized … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
The Texas Bankers Association (TBA) has partnered with national nonprofit organization CareerWork$ to support the expansion of its signature free vocational training program, BankWork$, in Texas. The program, which currently operates classes at Dallas College, helps young adults from low-income communities build meaningful careers in banking through a free eight-week career training program, with placement assistance … Read more
Pasadena, California-based East West Bank, which operates 13 locations in the Texas/Southwest region, presented a $10,000 contribution to the Houston Food Bank on April 12 to support local organizations that are aiding communities disproportionately impacted by the severe weather crisis that hit Texas in mid-February. As families grapple with both the health and economic impacts … Read more
Amarillo-based FirstBank Southwest has announced its new loan and deposit production office in Fort Worth. Matt Murray and Scott Whitaker will both serve as vice president/commercial banker for the new Fort Worth marketplace. Prior to joining FirstBank Southwest, Murray and Whitaker managed an extensive customer portfolio for which they maintained primary oversight of all goals, lending and … Read more
When a bank launches a green initiative, sustainability may not be the first thing that comes to mind, but Elgin-based Frontier Bank of Texas is changing that perception on several fronts. From the installation of solar energy panels to the financing of commercial conservation efforts, Frontier Bank is breaking new ground by identifying and acting … Read more
Jenks, Oklahoma-based Gateway Mortgage, a division of Gateway First Bank, announced that it has opened a new mortgage center in West Texas to meet increased demand from local communities for home financing. The new mortgage center in Odessa will serve all the surrounding areas and suburbs. Gateway has more than 50 locations in Texas and … Read more
On April 5, Plano-based Alkami Technology Inc., a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced the launch of its initial public offering of 6 million shares of its common stock. The Alkami Platform is the digital banking platform of choice for 151 financial institutions, representing nearly 9.7 million of its clients’ … Read more